Dollar's Rally Picks Up Steam

TODAY: Aug. 1, 2014 PUB DATE: Aug. 1, 2014

By James Ramage and Chiara Albanese A rally in the dollar is picking up steam, as signs of accelerating U.S. growth bolster investor expectations that the Federal Reserve in the coming year will raise interest rates for the first time ...

China July Official Manufacturing PMI 51.7 Versus 51.4 Forecast

TODAY: Aug. 1, 2014 PUB DATE: Aug. 1, 2014

BEIJING--A closely watched gauge of manufacturing activity in China improved in July, the latest sign of recovery in the sector. The official manufacturing Purchasing Managers Index rose to 51.7 in July compared with 51.0 in June, marking a 27-month high, ...

Dollar Up Against Rivals Ahead Of US Jobs Data

TODAY: Aug. 1, 2014 PUB DATE: Aug. 1, 2014

By Hiroyuki Kachi The dollar was higher against its rivals in Asian trade Friday, with investors taking a wait-and-see stance ahead of closely watched U.S. jobs data later in the day. As of 0450 GMT, the dollar had risen to ...

Sberbank: EU Sanctions Over Ukraine Undermine System

TODAY: Aug. 1, 2014 PUB DATE: Aug. 1, 2014

By Andrey Ostroukh MOSCOW--Russia's largest lender Sberbank said Friday that Brussels' decision to put it on the sanctions list "undermines the foundations of the global financial system and does not contribute to the easing of the European crisis caused by ...

Euro-Zone Manufacturers Cut Jobs in July

TODAY: Aug. 1, 2014 PUB DATE: Aug. 1, 2014

By Paul Hannon Euro-zone manufacturers cut jobs in July for the first time in seven months, underlying the fragility of the currency area's economic recovery. A survey of 3,000 purchasing managers by data firm Markit also recorded a stabilization in ...

Chicago PMI

TODAY: Aug. 1, 2014 PUB DATE: Aug. 1, 2014

A closely watched gauge of economic activity in the manufacturing-heavy Midwest tumbled to its lowest point since June 2013--but still signals growth, barely. The Chicago Business Barometer, commonly called the Chicago PMI, sank to 52.6 in July from June's 62.6, ...

Correction to Euro-Zone Manufacturers Cut Jobs in July story

TODAY: Aug. 1, 2014 PUB DATE: Aug. 1, 2014

("Euro-Zone Manufacturers Cut Jobs in July," at 0923 GMT, misstated that a reading above 50 indicates a month-to-month decline in activity in the sixth paragraph. It should have said that a reading above 50 indicates an increase in activity:) (END) ...

South Korea Inflation at 1.6% in July

TODAY: Aug. 1, 2014 PUB DATE: Aug. 1, 2014

SEOUL--South Korea's consumer price index rose 1.6% on the year in July, slower than a 1.7% gain the previous month, government data showed Friday. The July reading, meeting the median 1.6% increase forecast by economists surveyed by The Wall Street ...

Japan's Domestic Auto Sales Rise in July

TODAY: Aug. 1, 2014 PUB DATE: Aug. 1, 2014

TOKYO--Japan's domestic sales of new cars, trucks and buses increased 0.6% from a year earlier in July, the first rise in four months, the Japan Automobile Dealers Association said Friday. Sales totaled 285,886 vehicles in July, the association said. Auto ...

China Manufacturing Gauges Improve in July

TODAY: Aug. 1, 2014 PUB DATE: Aug. 1, 2014

BEIJING--Two closely watched gauges of manufacturing activity in China improved in July, the latest sign of recovery in the sector. The official manufacturing Purchasing Managers Index rose to 51.7 in July compared with 51.0 in June, marking a 27-month high, ...

Thailand Jul CPI +2.16% On Year; +2.225% Expected

TODAY: Aug. 1, 2014 PUB DATE: Aug. 1, 2014

By Nopparat Chaichalearmmongkol BANGKOK--Consumer prices in Thailand rose more slowly than expected in July, giving the country's central bank room to keep interest rates stable at its policy meeting next week. Thailand's consumer price index rose 2.16 % in July ...

EUROPE MARKETS: Germany's DAX Set For Worst Week In Two Years

TODAY: Aug. 1, 2014 PUB DATE: Aug. 1, 2014

By Sara Sjolin, MarketWatch LONDON (MarketWatch) -- The soured trading mood continued on Friday, with all major European benchmarks sliding more than 1%, as investors digested a number of downbeat earnings reports and remained cautious ahead of the closely watched ...

U.S. Consumer Spending Rose 0.4% in June

TODAY: Aug. 1, 2014 PUB DATE: Aug. 1, 2014

By Nick Timiraos and Josh Mitchell WASHINGTON--Consumer spending advanced modestly in June, the latest signal that the economy regained altitude during the second quarter. A key measure of inflation, meanwhile, fell to a 1.6% gain on the year, and remained ...

Brazil Industry Output Steepens Slide In June, Down 1.4%

TODAY: Aug. 1, 2014 PUB DATE: Aug. 1, 2014

RIO DE JANEIRO--Brazilian industry steepened its slide in June, as the World Cup brought holidays to several major cities and shortened factory hours across the country. Industrial production fell 1.4% from May in seasonally adjusted terms, the fourth consecutive month ...

MOL 2Q Clean Ebitda Lower Than Seen, Drops 17% On Year

TODAY: Aug. 1, 2014 PUB DATE: Aug. 1, 2014

By Veronika Gulyas BUDAPEST--One of central Europe's largest refineries and Hungary's biggest company by revenue MOL Nyrt. (MOL.BU) saw its clean earnings before interest, taxes, depreciation and amortization, one of the key indicators for the sector, drop by 17% on ...

AXA 1st Half Net Profit Up

TODAY: Aug. 1, 2014 PUB DATE: Aug. 1, 2014

PARIS--AXA SA (CS.FR), Europe's second-largest insurer behind Germany's Allianz SE, said Friday first-half net profit jumped 22%, helped by lower restructuring costs, and a strong life and savings business. The French insurer said net profit for the first six months ...

China HSBC Final Manufacturing PMI Rises

TODAY: Aug. 1, 2014 PUB DATE: Aug. 1, 2014

BEIJING--The HSBC China Manufacturing Purchasing Managers' Index, a gauge of nationwide manufacturing activity, rose to an 18-month high of 51.7 in July compared with 50.7 in June, HSBC Holdings PLC said Friday. The reading follows a rise in the government's ...

India's Manufacturing Activity At 17-Month High -- Markit

TODAY: Aug. 1, 2014 PUB DATE: Aug. 1, 2014

By Anant Vijay Kala NEW DELHI--India's manufacturing activity expanded to its highest level in 17 months last month in the latest sign that the optimism created by India's new government is helping boost business. The seasonally-adjusted HSBC India Manufacturing Purchasing ...